Welcome to the new members of the community! As promised, here is the first quick tutorial to protect your investments.
Many see the market fall and panic, but professionals use the Stop Loss (SL). Here I explain how to set it up in 3 steps:
Analyze your risk: Decide how much you are willing to lose in a trade (e.g. 3% or 5%).
Place the order: In the 'Sell' tab of Binance, select 'Stop Limit'.
Set the prices:
Stop: The price that will trigger your sale (the trigger).
Limit: The actual price at which your coins will be sold.
Example: If you bought $BTC at $95,000, set your Stop at $92,000. If the price falls to that point, your position will close automatically and you avoid a greater loss if it falls to $85,000.
Do you already use Stop Loss in your trades or do you prefer to 'Hold' to the death? Let me know in the comments! 👇
#BinanceTips #TradingBasico #StopLoss #EducacionCripto #Write2Earn
